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, "bbc world news." >> this is bbc world news america reporting from washington. rupert murdoch's news corp. has dropped their bid for bskyb. >> they clearly need to do with the problems that news international. >> 21 people were killed in a financial capital. the fighting continues to rage in libya. colonel gaddafi's forces and the rebels are still in a tug of war. the last few days have brought an incredible reversal of fortune for rupert murdoch's media empire and today can get another blow. bowling to public and political pressure, news corp. withdrew their bid for bskyb. this is in the wake of the hacking scandal. for more on how the deal went, here is the bbc's business editor. >> rupert murdoch, the great news mobile is in the news for what he would see as the wrong reasons. the great humiliations' of his career, the abandonment of his desire to get all of british news broadcasting. "we believe that the acquisition would benefit both companies it has become clear that it is too difficult to progress in this climate." this was the appalling climate for mr. murdoch. >> when such a
'brien. pulling the plug on a major deal. rupert murdoch's news corporation ditches its bid for bskyb. mumbai under attack again. three explosions rocked india's financial capital, killing at least 21 people. and on at libya's front line, and to counter attack by colonel gaddafi's forces against rebels advancing on tripoli. >> you can hear it. ♪ >> welcome to our viewers on pbs in america and also a round the globe. the last few days have brought in a credible reversal of fortune for rupert murdoch's media empire. today came another blow. public and political pressure, news corporation withdrew its bid for bskyb. it is another casualty of the hacking firestorm. now prime minister david cameron has announced details of a far- reaching inquiry into recent events. for more on how the deal went bust, here is the bbc business editor. a warning, there is some flash photography. >> rupert murdoch, the great news mogul, in the news for the wrong reasons. putting on a brave face before one of the great humiliations' of his career, the abandonment for his attempt to take over bskyb. here is the explo
for an investigation of rupert murdoch's media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who's behind the cash and can the republicans compete? >>> president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they're still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that's a direct quote, if the u.s. treasury is deadbeat on its debt. >> ff we went so far as to default on the debt, it would be a major crisis. the treasury security is view as the most safest and liquid in the world. it's the foundation for much of our financial system
after rupert murdoch tried to repel the british assault on his empire, it's the prime minister's turn to face parliament. david cameron tainted by claims that he was too cozy with the media giant and drew raucous responses in his appearance before the special session. >> what is the public expects is not petty political point scoring but a -- what -- what they want, what they deserve is concerted action to rise to the level of events and pledge to work together to sort this issue out once and for all and it is in that spirit that i commend this statement to the house! >> across great britain, public and political outrage has been boiling over claims of police bribery, phone hacking and a heartless abuse of power. james and rupert murdoch walked into parliament knowing that they had to tamp down some of that public anger so did they succeed some atika shubert is in london now. what are the people saying on the streets, atika? >> reporter: well, the remark that most people are really focused on is one of the mps, tom watson really grilled rupert murdoch and bluntly asked him do you thin
to call on plans for rupert murdoch's bid for the bskyb to be abandoned. this report from our deputy political editor does contain flash cryptography. >> here is gordon again in downing street with his daughter elisabeth next to him. and their top editor, rebekah brooks, the red hat on the right. for years a team brown stayed close. no more. the smiles fell away. using criminals to investigate his private life. >> i had my bank accounts broken into. ilesd my lawyers' f blanked. my tax returns went missing at one point. medical records have been broken into. i do not know how all this happened but i do know one thing, into of these instances, there is absolute proof that news international was involved in hiring people to get this information. i also know that the people they work with our criminals. >> court of mankind were looking for information about a flat in this london street in the early 1990's. he said he paid the market rate. the sunday times conceded not. >> are you considering resigning? >> he is not resigning. his newspaper had been out to bring brown down as a government
murdoch offers the full cooperation with the police as pressure increases over the phone hacking scandal. >> the worst drought in 60 years has affected 12 million people. we have a special report from east africa. and the philippine foreign minister heads to beijing that over talks over the territorial dispute and the south china sea. >> broadcasting on pbs in america and around that the world, this is " newsday." >>> hello, and welcome. and the u.k., lawyers for the relatives of british soldiers killed in iraq and afghanistan say the police have warned their clients their funds may have been hacked into by the news of the world, the tabloid newspaper at the center of a hacking scandal. news corp. said it would be absolutely appalled and horrified if the allegations prove true. its owner, rupert murdoch, has ordered full cooperation with the police investigation. >> yes, there was even worse to come. the relatives of soldiers killed in iraq and afghanistan have been warned their funds may have been hacked. they joined the families of those whose loved ones were blown apart on 7/7. >> my
-- james murdoch claims he did not mislead parliament about the phone hacking allegations. with almost half of somalia's people short of food, the u.n. announces emergency food drops. lucian freud has died. >> it is to i am here in london. you are watching "newsday." leaders of the 17 countries which use the euro have agreed to the terms of a second bailout plan for greece. the greek rescue package will be worth more than $150 billion and there will be billions more from private investors such as banks. >> nearly 10 years ago, the euro had been lost to a fanfare of celebration. they are now facing the greatest test. the leaders came up with a historic package designed to draw a line under the greek debt crisis. the french president and the german chancellor pushed through a rescue plan which amounted to nearly 110 billion euros. the deal not only covers short- term funding but is intended to cover the debt burden. >> i have made it clear that today is not someone standing up and waving a magic wand but it is helping greece return to the path to understand the process. i am confident that we
of responsibility. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus,
on the right with rupert murdoch on the left. she could be questioned by police today. les hinton told investigators in 2007 that the firm hiking was limited to one reporter. news internation nal said that that conclusion was based on an examination of 2,500 e-mails. but the shocking resch lagss continued to pile up and i suppose the rest is history and now media mogul rupert murdoch has flown no to take part in what is just a mench. he's trying to save the takeover of his british sky broadcasting known as b sky b. it does have the backing of news corps. despite that monday's independence says the deal appears, quote, dead in the water, pauline. >> well, charles, let's take a look at how all of this has affected the stock. it's dented news corps shares. it was one of the worst performing stocks on the sydney today, down 5.1%. at the close on this monday, it was selling at 15 aussie dollars. with the deal in question, it could slide even further. charles? >> don has been following this saga and joins us outside the house of commons. dan, what is the mood. is there a mood to stifle this
was, of course, the committee with the murdochs and rebekah brooks, but i went to the home affairs committee and sat there when the -- when the just outgoing commissioner of police and the assistant commissioner, also outgoing, and the press officer talked about their relations with the press. it was really truly extraordinary. it wasn't -- it wasn't just the statistic lionel just quoted about the -- these, you know,0 members of 45 strong team being ex-news international journalists, it was things like 30% of paul stevenson's meetings over a five-year period had been meetings with the media had been with news international journalists. it's coming out in recent days that somebody who was a senior executive at the "news of the world" also worked simultaneously, if you'll pardon the pun, as a translator for scotland yard. there was also somebody who was working both as the chief correspondent -- or chief reporter of the paper. as a police informant. so the -- there was almost no delineation at times between where news international finished around scland yard began. it was really ext
. >>> the british government looks to back calls from rupert murdoch to drop his bid for bskyb as phone hacking allegations surrounding his uk newspapers continue to chip away at the value of his entire media empire. >>> china's building boom shows no signs of slowing down much to the dismay of this man who calls this makeshift building his home. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. [ding] announcer: clean kitchen surfaces, utensils, and hands with soapy water. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at >>> welcome back. live from rome and hong kong, you're watching "world business today" on cnn. >>> for media tycoon rupert murdoch, the sky may indeed be the limit. we're talking about british sky broadcasting. a downing street source tells c flfrnlthsn the british government will back
staffers tried to hack into the phones of 9/11 victims. rupert murdoch arrived in london meeting with the chief executive of his newspaper division, rebekah brooks, headed up "news of the world" and murdoch is publicly backing her, insisting she didn't know what was happening. the final edition of the paper was published yesterday. 5 million copies were printed, that's nearly twice the usual run. the paper also issued a full page apology. dan rivers is live in london this morning with more on this. a lot of people wanted to get their hands on that final edition. >> yeah. it's ironic, isn't it? a paper that has been the subject of such revulsion here, and public outcry, when they announced they were putting out that final edition they had to double the print run, such was the demand. i suppose many think of it going to be a piece of history, really. it's been going for 168 years. it is an institution here. now news perhaps victims of 9/11 could also have been targeted by the illegal practices of the "news of the world," hacking into their phones. this has not been confirmed by cnn
to access the phones of people who died on 9/11, a very dramatic claim. rupert murdoch was at the british parliamentary hearing on tuesday and categorically denied that claim. he said there was no evidence to support any sort of hiking here in the united states. -- hacking here in the united states. >> a heat wave across central and eastern parts of the u.s. is being blamed for causing as many as 22 deaths, with temperatures rising to 42 degrees centigrade. >> a sweltering heat wave is spreading across the u.s. and millions of people are struggling to stay cool. in recent days, these punishing conditions have spread from central areas to the east coast, bringing temperatures as high as 43 degrees centigrade. making american headlines. the national weather service has issued warnings to areas affecting more than half the population. despite this, soaring temperatures have had tragic consequences. missouri officials have said that 13 people have died, including two women in their 70's. several more deaths have been reported in oklahoma. there has been as dramatic increase in emergency call
of the murdoch-controlled company fell sharply as the fallout continues from the phone-hacking scandal that has shut down the "news of the world" tabloid. the controversy has reached the highest levels of the london police force. this is the metropolitan commissioner. he resigned on sunday with his ties with neil wallace who was arrested last week. stevenson insists that he's done nothing wrong. >> as commissioner, i carry umt mat responsibility. with hindsight i wish we had -- i didn't and that's that. i do believe, though, that on its own, this would not be a matter that comes to my position as commissioner, however, the issue of my integrity is different. let me state clearly i and the people who know me know that my integrity is completely intact. i may wish we had done something differently but i will not lose any sleep over my personal integrity. >> well, in his resignation announcement, stephenson also drew attention. the editor of the guardian newspaper explains. >> there is an interesting paragraph in his statement where he seems to lob a hand grenade on number 10 downing street. he's
. together those five brands bring in an estimated $3.2 million for the rupert murdoch owned newspaper. pretty significant business on the line. all of this comes as murdoch's own news corporation aims to take over british sky broadcasting. discussions on that have been going on for months. there's also been widespread opposition to that planned takeover. and just yesterday reacting to fresh allegations, the former deputy prime minister lord prescott began calling for the takeover to be blocked. john prescott himself is one of many politicians to have his phone hacked alongside numerous celebrities, stars and aides to the british royal family. as dan rivers reports, even though phone hacking revelations are nothing new, it dates back further than many realized. >> the murder of the 13-year-old schoolgirl milly doward in 2002 appalled britain. last month her killer, lev levi belfield was finally convicted. this is now come up with another inquiry, phone hacking. the scandal relates to the illegal tabloid practice of accessing cell phone messages left for celebrities in order to get stor
responsible must pay a penalty. >> reporter: one person murdoch says is not responsible, roberta brookdz. murdoch chose to save her rather than one of britain's oldest p newspapers, some say. at age 80, murdoch's reputation has been shaken. >> the reports that this is the end of murdoch or the death of murdoch in a business sense are are probably overstated, but it does give one pause to see a scandal of this proportion really spiral out of control. >> reporter: hacking the phones of celebrities and politicians was one thing, but harvesting the grieving voice mails of ordinary people dealing with tragedy triggered an explosion of revulsion that could not be contained. >> that was nbc's mike taibbi reporting. police also say the paper's editor in chief andy coal son has been arrested. he's also the former communications chief for david cameron who has announced a public inquirely and called for new regulation of the press. >>> up next, michele bachmann admits she doesn't know much about lady gaga, but you might be surprised which gop candidate does. we'll be right back. ka. >>> i have a q
rupert murdoch arrived in london today in a bid to limit damage to the rest of his media empire. >>> and the shuttle "atlantis" arrives at the international space station one last time a short time ago. the astronauts were welcomed aboard by the station's current crew. they have brought along a year's worth of supplies, and it's going to take them about a week to unload all of it. >>> join me for more news at the top of the hour. back to "fareed zakaria: gps" in a moment. >> okay. put your thinking caps on far moment. which continent has six of the world's ten fastest growing economies? which continent is projected to have the world's third largest city by population in just a few years? which continue nen has the world's newest nation? if you picked asia, that's wrong. one more question might help you get the answer. which continent has seven of the top ten failed states in the world? the continent, of course, is africa. that's what i want to talk to my two terrific guests about. nicholas kristof and peter godwin, african-born author and reporter. both are just back from africa
Search Results 0 to 36 of about 37 (some duplicates have been removed)